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Benefits and Compensation Analyst Aventura, Florida
4 months ago
The Benefits and Compensation Analyst under general supervision of the Benefits Manager is responsible for the daily interpretation and administration of the Company's benefits and company-sponsored programs in regard to plan options, policy features, enrollment, and other requirements. S/he also supports compensation activities like market research, compensation analysis and salary surveys.
Essential Functions and Responsibilities:
Administers employee benefits such as medical, dental, vision, life insurance, disability, vacation, sick, worker compensation, leave of absence and retirement plans.
Consults with and counsels employees on eligibility for insurance, and other benefits, amounts of coverage and claims procedures.
Partners with management on all communications with employees.
Conducts orientation programs on benefits as needed.
Monitors and prepares changes and updates to all benefits communication materials.
Ensures company compliance with federal and state laws.
Maintains benefits records and prepares documents necessary for implementing benefit coverage.
Interprets benefit policies, reviews claims and ensures all required forms and legal documents are supplied.
Coordinates with carriers and providers in monitoring claims and billings for employees and assists employees with appropriate problem resolution.
Researches and prepares reports for management on benefits issues as assigned.
Prepares benefits communications as needed. Works with management on dissemination of communication and changes.
Participates in surveys and other benchmarking activities to assess programs and solutions as assigned; and assists in procurement and evaluation of bids for services or benefit and compensation programs.
Oversees timely and accurate processing of all terminations, court ordered health support orders, benefit verifications, qualified status changes and leaves of absence
Reviews and analyzes changes to state and federal laws pertaining to benefits, and reports necessary or suggested changes to management. Coordinates company benefits, with government sponsored programs.
Develops benefit information and statistical and census data for actuaries, insurance carriers, and management.
Handles benefit inquiries and complaints to ensure quick, equitable, courteous resolution. Works with HR Managers to ensure inquiries are handled promptly and efficiently.
Maintains benefits records, to include enrollment documents, claims records and subpoenas for all benefit plans.
Explains workers compensation and governmental rules, regulations, and procedures, and need for compliance.
Participates in audit requirements through development and generation of requested reports.
Bill reconciliation for health insurance.
Performs salary benchmark salary analysis and other compensation analysis as requested.
Prepares compensation reports as instructed by management.
Performs required research to ensure competitive compensation structures are in place.
Other duties as assigned.
Skills/Knowledge:
Knowledge of all pertinent federal and state regulations, filing and compliance requirements both adopted and pending affecting employee benefit programs, including ERISA, COBRA, FMLA, ADA, SECTION 125, Workers Compensation, Medicare, Social Security and DOL requirements.
Excellent verbal and written communication skills. Bilingual in Spanish.
Ability to effectively plan, organize and meet deadlines while maintaining a high level of quality and confidentiality.
Displays strategic thinking and good judgment when faced with complex or difficult situations and decisions.
Education/Experience:
A minimum of a Bachelor’s Degree in Business Administration or an equivalent combination of education and job-related experience.
A minimum of three (3) years’ experience in a benefits analyst or administrator role is required.
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